Tag: U.S. economy
Lardaro: R.I. economy begins moving past pandemic
PROVIDENCE – Rhode Island’s economy expanded for the 15th consecutive month in June, showing signs it has truly begun to move past the pandemic,...
A key U.S. inflation gauge reaches 6.8% as prices keep surging
WASHINGTON (AP) – An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest...
U.S. economy shrank 0.9% last quarter, its 2nd straight drop
WASHINGTON (AP) – The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising...
It’s still unclear if recession is coming
The U.S. economy added more jobs than expected in June, signaling the labor market remains strong even as the Federal Reserve tries to weaken it to...
Fed attacks inflation with its largest rate hike since 1994
WASHINGTON (AP) – The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of...
U.S. economy shrank by 1.5% in Q1 but consumers kept spending
WASHINGTON (AP) – The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a...
U.S. economy shrank by 1.4% in Q1 but consumers kept spending
WASHINGTON (AP) – The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a...
U.S. jobless claims rise but remain near a half-century low
WASHINGTON (AP) – The number of people seeking unemployment benefits ticked up last week but remained at a historically low level, reflecting a robust...
U.S. added 431,000 jobs in March in sign of economic health
America's employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy's resilience in the face of...
U.S. growth in Q4 revised lower to 6.9%, slower growth to...
WASHINGTON (AP) – The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday,...
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